Category: Economic News
The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.
Economic News
Economic News
U.S. Economy Adds 223,000 Jobs in Final Month of 2022
As Americans settle into the new year, a snapshot of the United States economy from the final month of 2022 has arrived. Today, a new jobs report was released, bringing stronger-than-expected results. According to the latest Bureau of Labor Statistics report, the economy added 223,000 jobs in December 2022. That outpaces the 200,000 jobs that economists surveyed by MarketWatch had estimated. However, the number was the lowest in two years....
Economic News
U.S. Economy Added 263,000 Jobs in November 2022
Over the past several months, the United States economy has repeatedly offered mixed signals. Although gross domestic product results would suggest we're headed for a recession, the Federal Reserve has been forced to hike interest rates in a bid to slow inflation. Now, the latest figures also show that the economy continues to create jobs at a decent clip. According to the latest Bureau of Labor Statistics report, the U.S....
Economic News
IRS Announces 2023 Tax Brackets Amid Inflation
With 2023 now within view, the Internal Revenue Service (IRS) has announced the tax brackets that will be used for the new tax year. While these adjustments are an annual tradition, this round of increases comes after a year where inflation has topped 8%. In turn, this latest round of raises is larger than usual. Across the board, brackets were adjusted by about 7%. In comparison, the change between 2021...
Economic News
Year over Year Inflation is Highest in These U.S. Cities
Following a tumultuous two years that saw the United States economy crater before building back in the face of a pandemic, the biggest economic story of the past several months has been inflation. According to the latest Bureau of Labor Statistics report, the Consumer Price Index (CPI) rose 8.2% between September 2021 and September 2022 on a national scale. However, in some cities around the country, the rate of inflation...
Economic News
American Consumers Added $67.1 Billion to Credit Card Debt in Q2
As 2022 rolls on, American consumers are now piling on more credit card debt. According to the latest Credit Card Debt Study from WalletHub, credit card debt among U.S. adults increased by $67.1 billion during the second quarter of 2022. That marks the largest increase seen during a Q2 and is 50% higher than the $44.9 billion in debt consumers added in Q2 2021. Furthermore, the site notes that the...
Economic News
Nationwide Average Gas Price Falls for 10th Consecutive Week
After hitting record highs earlier this summer, Americans have been getting a bit of relief at the pump as the average price per gallon of gas has continued to recede. Last week, the national average gas price came in at $3.86 per gallon — down 5.1¢ from the week prior. This marked the 10th straight week of falling prices. According to data from AAA, that ranks as the second-longest streak...
Economic News
